Scott Bessent confirmed as Treasury Secretary with 68-29 Senate vote, signaling pivotal U.S. crypto policy shift under Trump.

The Senate on Monday confirmed Scott Bessent to serve as Treasury secretary in the Trump administration, making him the highest-ranking openly gay government official in U.S. history.

The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to serve as President Donald Trump's treasury secretary, giving him the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn't jeopardize growth.

Scott Bessent is set to take the office as the US Treasury Secretary in President Donald Trump’s administration team.

Scott Bessent, a Wall Street veteran who was born and raised in South Carolina, has defended the Republican president Donald Trump's tax-cutting and tariff proposals while urging efforts to secure supply chains and the dollar's global status.

Bessent, a Wall Street veteran who grew up in South Carolina, has praised the Republican president’s plans to slash taxes and impose tariffs while calling for measures to protect supply chains and the

Scott Bessent has been an outspoken advocate for digital assets and hopes to being more regulatory clarity and crypto-favourable policies.

The Senate voted Monday as Senate Republicans work to quickly install President Trump's picks for top administration posts.

As Treasury Secretary and one of Trump’s top economic advisers, Bessent will be responsible for helping to implement his economic policy agenda, including efforts to impose broad-based tariffs and extend the Tax Cuts and Jobs Act (TCJA), which was enacted in 2017 under then-President Trump but is largely set to expire at the end of 2025.

An armed man arrested at the U.S. Capitol said he planned to kill Treasury Secretary Scott Bessent and Secretary of Defense Pete Hegseth.

Billionaire hedge fund manager and Donald Trump nominee Scott Bessent won Senate approval on Monday to become US Treasury secretary.